, such as bank of america, j.p. morgan, chase card services, and discover, recently converted customers' fixed rates to variable ones. "new york times." now congress is moving to limit the penalties of riskier borrowers which is what the underlying legislation did, mr. chairman, let me continue on, who have become a prime source of billions of dollars in fee revenue for the industry and to make up for the lost income, the card companies are going after those people with sterling credit. so now we also find out, again from "usa today," starting next year, bank of america will charge a number of customers an annual fee ranging from $29 to $99. we see that in this same article from "usa today," citigroup has started charging annual fees to cardholders. again, mr. chairman, we have the testimony. many of us predicted this. as i said, way back in march, make no mistake about it if this bill passes, it's going to be a lot harder for people to access the credit they need to pay their bills, cover medical emergencies or finance large purchases. so all over america, people are getting these notices in
